We begin today decoding Jerome Powell’s remarks Friday. Then I’ll tell you what we think will happen when the Fed decision is announced in three weeks.
Then we go through the charts and they hold an interesting picture of potential Future; one where you might want to consider redeployment of assets to life-basics planning like food and water by late 2025.
One more week to a holiday and then we’re all “Going off the high board” into Fall.
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When I logged into Peoplenomics, all I got was “No, bad guess. Try something else. “
When you get that message, I am still uploading files… works fine now if you refresh
Powell is likely to go hands-off until mid-November, to avoid any headlines, if he is smart, and wants to keep his job.
The House representative races are probably more important than the executive contest for Ure financial welfare, unless the Stalinist candidate can consolidate her secret po-lice control and throw the courts and the constitution under the bus. The second week in November will require substantial reevaluation of asset positions in the event of a Venezuelan-style election result, and a full Stalinist overthrow
of civilian democratic government. And make no mistake, the candidate appear to have substituted her own twisted leftist confiscation platform for the party platform. Four years of her, and what is left of the American middle class will be dust in the wind.
War in middle east, and Oil is flat ? War in ukraine, and Oil is flat ?
Wonder what the market for jp5/6 is looking like ?
Seeing as how ansar allah is not allowing any jetfuel to reach the genocide regime, while at same time genocide regime does not refine their own – they must import it.
Cant help but wonder what happens to crude Oil in the ground after it has been irradiated…when does the radiation fall off ? How and where ? at the refinery, during combustion? Is that whats being sprayed overhead everynight and day, irradiated jetfuel exhaust ? (Ure welcome internet rumor mongers)
Oh well pay me dividends, patience is a virtue, and BCN needs to cultivate more, I can wait..but no too long, as am recently been Selling Time premiums. No like holding depreciating assets, as they tend to nibble away at my Cheese, the ratbastards.
Best deal in town ? BTC @ anyprice in fake..unh I mean fiat.
Money – https://youtu.be/LmcJyQT3cPo?si=u_5z5-V1NoTaBHBj
“Ice breakers”
Looks to me like the U.S. has to learn to cooperate with the world and blowing up Iran for Israel is the opposite of cooperation.
Isn’t the gist gaining some offshore gas fields in an enemy zone Vs missing out on untapped bounty of the Arctic.
Everything that NATO and the USA is doing right now is just pissing off everyone for the business model.. isn’t it interesting that the puppet masters pulling the strings.. live in area’s that aren’t trying to piss off the other countries.. makes me think of ..george carlin.. great comedian and seriously hit on the issues on the head all the time.. his views on control….
https://youtu.be/BS5FpKYUJSU?si=a0rUkOYMML3vmWKw
https://youtu.be/hYIC0eZYEtI?si=WE_1b5NjUTgVCxr6
https://youtu.be/fT03vCaL-F0?si=LcOJLRd_tO4lYlJu
george carlin again..
what is funny is that is why they have been spending billions of our dollars and ten years trying to destroy the only one that showed some moral convictions for the country and what we stood for..
they won’t let Trump sit in the chair again.. that would be to terrifying for those that control us..
How ’bout we concentrate on blowing up Iran for the U.S., and allow Israel to take care of Israel?
WE are not going to know Tehran has The Bomb until they load a few dozen on their excellent ICBMs and send one to every major city in CONUS.
There seem to be silly people who think they’re going to nuke Tel-Aviv when they get a bomb. They most-assuredly are, but not until they nuke 200 million Americans, and a dozen U.S. air bases in Europe, out of existence. The Ayatollahs can’t usher in that Imam if’fn they’re not around to do the ushering. They are not stupid and they’re not suicidal, and they’ve seen what we do when someone aspires to go nuclear, so as I said when we went into Iraq, and again when we offed Kaddafi (who was a U.S. ally and a friggin’ CIA “asset”), we won’t know Iran has joined the nuclear club until they have the capability of taking us AND Israel out.
And no, we do not need to learn how to cooperate. The rest of the world has been “wrong” for thousands of years. We have gotten ourselves in trouble by eschewing actual leaders for oneworld pantywaists, then allowing them to direct us to try and imitate, emulate (or both), those from whom we evolved.
WE (and I include the few hundred actual thinking Southern Canadians — can anyone imagine the things they could do if they were free and independent, and didn’t have Fidel’s devil-spawn as a leader?) are the advanced society of Homosap. I refuse to feel guilty because the Afroeurasians and Southern Hemispherics can’t catch up, and I refuse to accept that there is ANY social, societal, or species advantage to sliding back down the ladder of evolution until we’re on an “even footing” with the underperforming masses from elsewhere.
We need to hire an actual leader, then learn how to lead again as a nation, before some other nation’s leader relegates us to being the Chernobyl of the West…
Power went out for 4 hours overnight, and it’s not even storming yet. Up at 0530 to reset clocks & Rain Bands are starting to arrive now. TS Hone at 65mph now, and is expected to intensify to Hurricane status Sunday as it passes the Big Island. I’m located out at the Eastern ‘tip of the spear’ of the Big Island and we’re gonna get slapped with all that circulating rain on the north side of the storm. Meanwhile, there’s a big pot of ham hock soup simmering for a rainy day… if the power stays up.
http://weather.hawaii.edu/satellite/anim.cgi?chnl=13&domain=haw&satplat=goes17&platform=full&anim=on&duration=3&incr=1
(“But there are, indeed (we think) some cases where statins may be good. Such as How taking a daily statin can cut your dementia risk by a THIRD: “)
Then Again… we look at the present Administration and all of the policy makers and Wonder……..
with what we all see headed our way like a freight train and your shoe is caught and you cannot get free before it his…
Seriously Wouldn’t it be better to be like our political leaders and Administration that totally appears to be blissfully vacant mentally..My grand daughter is heading on a vacation to another country..I asked why I the help are you going to do that with everything going on..
Earlier this morning I drove out to the marine’s new apartment they have relocated to after a battery fire took their house. It has been raining and / or sprinkling for a couple of days, so I drove the Studebaker instead of gearing up and riding the Harley – which I mainly do for errands. [ Hasn’t rained in months – streets are probably a little slick.]
Some how he managed to find a very nice duplex. Rare right now. Finding anything to rent around here is a ‘major’ problem – some people have been looking for six, eight months – there just isn’t anything available.
As I walked up to the door, I could see him and his wife sitting at a kitchen table, back in the kitchen. They were drinking coffee and talking. They have a lot to talk about.
I knocked – he answered and invited me in.., instead, I asked him out. When he stepped-out I handed him an envelope of cash [ part of my buy-in from the interrupted poker game.] I didn’t want to do it in front of his wife, for some reason. [ Embarrass him?]
He looked into the envelope, glance back up at me., then back to the envelope. I thought they guy was going to cry.
“You don’t even know me….,” he muttered.
“I know enough.., besides – I like your dog.” and smiled.
“I can’t repay this…, ”
” I didn’t ask you too. Buy something nice for the kids and wife..,” and I turned to leave.
He put his hand on my shoulder., but couldn’t say anything. I returned the gesture, smiled and left.
* *
My good deed for the day. Made me feel good. And I know they can really use it.
“You can’t help them all – but you can help some.”
The saying is wrong. Good deed do get rewarded.
I used to have hope things would change.
As George Carlin said: “When we were protesting in the 60’s for change., we should have been a bit more specific !”
Because things have changed, some dramatically, some for the worse. Socially., economically., psychologically.., internationally – a lot worse.
“Keep your powder dry and your eyes on the horizon.” Is about all we can do now. We can play market games., complain about the hot/cold weather., and wonder, out loud, if that new earthquake prediction model is actually viable., “How are your tomatoes doing?”.., poker games ?.., but it’s all just personal distractions. Things.., items.., points-of-interests.., that we have individually chosen to keep us busy and mentally occupied as we cruise on down the road towards the exit sign.., because we are all standing, teetering on the edge – looking down into the abyss fearing what we will see if we look too closely into that darkness that has swallowed our future. We can’t escape it, but I wonder – can we survive it?
.
“Stay Frosty !”
Just watching the NASA briefing on Starliner.
This is the first time ever that I have heard that the foam from the shuttle fuel tank was “like a shotgun blast on the “delicate tiles” on the shuttle.”
The shuttle is scrapped and no longer flown, but isn’t the tank is being used on the Artemis? Is it a different tank? Should it be painted? Why are none of the reporters asking about this?
I am not asking these questions as a rhetorical device but rather because I don’t know.
Almost every engineer I ever met and talked with about the shuttle thought it was a stupid, cobbled-up, clumsy, awkward, overly-complex system with WAY too many possible failure points.
Planetary and interstellar travel will need many serious problems solved — and solved well — before we’re ever gonna get anywhere interesting in reasonable time spaans, and with reasonable risk. I doubt that any of those solutions are even on the scope yet.
No, it ain’t an easy thing…
Balance of Power….. I must have spent weeks playing that game. Rarely did it not end with a Nuke strike.
More signs of economic distress:
https://www.uscourts.gov/news/2024/07/25/bankruptcy-filings-rise-162-percent
https://intellizence.com/insights/bankruptcy/leading-companies-filing-for-bankruptcy/
https://www.thestreet.com/economy/most-notable-business-bankruptcies-of-the-year
https://www.fox4news.com/news/increase-us-corporate-bankruptcy-filings-business-sectors-led-2024
Corporates are struggling to service and refinance bloated debt in a higher interest environment, which pushes the interest rates yet higher.
This is a snapshot of an economy which is not healthy.
Swing date for markets is either Sept 2 or Sept 30. I am strongly leaning towards the Sept 2 date … which would make the market top either Aug 30 (closing) or Sept 3 (intraday AND closing).
There is a small possibility of the top not being hit until Sept 30 … but just in case keep your stops tight.
Once it starts down it should be steadily down (daily closings) for the first several days with NO up closes until it’s first serious bounce which will be more than a week later. If you get an up day during those first few days (say 5ish) then the probability of a Sept 30 high just increased dramatically.
Watch your stops and be aware that the serious fireworks will actually start a month out, at 5 weeks out people will be nervous, and at 7 weeks out they will start to panic.
IF you have retirement assets in the market time to move them to the sideline for the fall. Side-stepping a potential serious decline should be more important than a final few percentage points of gain that might occur if you remained in a seriously over valued market as we move into a recession. (actually we are already there by many indications, China has now been there for 2 years)
October 2, 2024
https://www.youtube.com/watch?v=C2dMhgryzBA
Sept 17, 2024
https://www.youtube.com/watch?v=0s31JFAweeo
Last night Israel and Hezbollah were trading barbs.
A single point news source keeps us safe.
Absolutely,
Govt approved news is best news source. Just ask:
France
Great Britain
New Zealand
Australia
the EU
Justin and ol Joe
In fact it should be the ONLY news source (on pain of jailing). Just ask:
France
Great Britain
New Zealand
Australia
the EU
Justin and ol Joe